Mar 8, 2023 | Notes from the Desk
Notes from the Desk: Bank of Canada Meeting – Steady As She Goes As expected, the Bank of Canada (BoC) remained on pause and kept the overnight rate at 4.50%. Noteworthy: The BoC sees signs that higher rates are slowing growth. While CPI is still too high,...Feb 8, 2023 | Monthly Commentaries
“What’s love but a secondhand emotion?” Tina Turner On the fourteenth day of this month, romantics across the globe will celebrate what Plato once called theia mania, the divine madness. While the origins of Valentine’s Day lie in ancient Rome, the first...Feb 3, 2023 | Notes from the Desk
Notes from the Desk – US Payrolls – Holy Crap! By the numbers. Today’s US payrolls blew the doors off. The economy produced 517k jobs last month, more than double the 185k forecast. The unemployment rate fell to 3.4% vs. forecasts of a small rise to 3.6%....Jan 30, 2023 | Notes from the Desk
Notes from the Desk – Bank of Canada: This is the End. To quote the Doors, ‘this is the end, beautiful friend…the end.’ At least for now. After delivering a 25 bps hike and bringing the overnight rate to 4.5%, the Bank of Canada (BoC) expects to hold here as it...Jan 12, 2023 | Notes from the Desk
Notes from the Desk: US Inflation – A Sigh of Relief US CPI was bang on the consensus forecast: YoY Headline Inflation: 6.5% (previous 7.1%) YoY Core Inflation: 5.7% (previous 6%) Goods prices continue to fall while upward pressure is prevalent in the service...
